Trend analysis (Fig. 1).
Today, the market from the level of 1.1751 (closing of yesterday's daily candlestick) will move upward and try to reach the 50.0% retracement level, which is 1.1787 (blue dotted line). Once this level is tested, a rollback downward is possible.
Figure 1 (Daily Chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly chart - up.
General conclusion:
Today, the price from the level of 1.1751 (closing of yesterday's daily candlestick) will move upward and try to reach the 50.0% retracement level, which is 1.1787 (blue dotted line). Once this level is tested, a rollback downward is possible.
Alternative scenario: the price from the level of 1.1751 (closing of yesterday's daily candlestick) will move upwards and try to reach the upper fractal - 1.1779 (yellow dashed line). Once this level is tested, the downward movement is possible with the target at 1.1759 - the support line (red bold line).
